How to create martingale strategy?
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Hi, I need someone's help in creating a plain martingale strategy (without any indicator signals). A buy and sell is executed immediately when there is no existing trade position.
Initial lots = 0.1, TP = 10 pips , Step = 5pips, Multiplier = 1.4 , Max Trade = 10. -
@prismtower fxdreema.com/shared/VmgnEvw0c
here you go, dont know what you mean by step 5 pips though?
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@prismtower Please don't try martingales. They are sure failures in the long run.
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@max-c hello max thanks for your help.
What I mean in STEP is a martingale will start to activate once the price moved in the opposite direction from the previous candle. -
well if its a buy trade just put a bear bar thats atleast 5pips in there. im with i'andora though martigale might look great in tester but sure to fail even after months or years.